Memory intellectual property (IP) firm AP Memory Technology has seen AI drive an uptick in sales, even as its IoT business has yet to rebound. With quarterly gross margin back on the rise, the company anticipates steady performance going forward, as 2025 will see mass production of its new IoT solutions and stack silicon capacitors (S-SiCap) for use in high performance computing (HPC) applications, while high-power silicon capacitor and customizable, very high bandwidth memory stack (VHMStack) products will begin contributing to revenue in 2026-2027.